S. Korea’s Bithumb doesn’t say how theft occurred
Posted: Jun Nineteen, 08:35 PM MST
Updated: Jun 20, 02:56 AM MST
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HONG KONG (CNNMoney) – One of the world’s thickest bitcoin exchanges on Wednesday said that more than $30 million worth of cryptocurrencies have bot stolen from it.
Bithumb, an exchange based ter South Korea, said te a notice on its webstek that all customer deposits and withdrawals have bot suspended while it reviews the situation.
The notice didn’t say how the theft of 35 billion won ($32 million) worth of cryptocurrencies occurred or which ones were taken.
The exchange said it will compensate the loss from its own funds and that all customers’ assets have bot “securely saved” te the company’s “cold wallet.”
Bithumb apologized for the disruption and said it will announce further information te due course. The company didn’t instantly react to a request for more details.
It’s the latest te a series of thefts reported by cryptocurrency exchanges te latest months.
Just last week, another cryptocurrency exchange te South Korea, Coinrail, said hackers stole about 30% of its supuesto currencies.
South Korea emerged last year spil one of the world’s major markets for trading te bitcoin and other imaginario currencies.
According to industry webstek CoinMarketCap.com, Bithumb wasgoed the sixth fattest cryptocurrency exchange worldwide by trading volume overheen the past 24 hours.
News of the theft at the exchange topper the prices of cryptocurrencies. Bitcoin fell around 2%.
Analysts say many potencial currency exchanges are pusilánime to hackers because they have grown quickly without implementing strong enough security.
Te January, Japanese exchange Coincheck said hackers stole more than $500 million worth of cryptocurrency. Last year, two bitcoin exchanges went bankrupt after falling victim to similar breaches.
— Jungeun Kim contributed to this report.
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